Paul Hastings LLP has a premier credit funds practice, advising credit managers in the credit and direct lending space with high-value raises. The team also has capabilities across bespoke structures, including rated feeders. Diala Minott leads the team and is deeply experienced in advising on the launches of European direct lending strategies as well as private credit secondaries. Zach Milloy focuses on the regulatory aspects of fund products across the UK, Europe and the US. Catherine Gokah is a recent addition to the team, having joined from Kirkland & Ellis in April 2025.
Legal 500 Editorial commentary

Accolades

Client satisfaction

Testimonials

Collated independently by Legal 500 research team.

  • ‘Paul Hastings has established itself as a market leader in private credit fund formation, leveraging the firm's renowned finance practice to offer specialised expertise in this rapidly growing sector.'

  • 'The practice offers comprehensive services spanning the entire fund lifecycle—from formation and capital raising through investments, portfolio management, restructurings, and exits. The team excels at guiding fund managers through increasingly complex regulatory environments, particularly in areas like AIFMD, SEC registration requirements, and evolving ESG disclosure obligations.’

  • ‘Diala Minott and Alexander Scordino form an exceptional client service team that consistently delivers outstanding results. As a partner, Diala brings strategic vision and deep market knowledge, while Alexander complements her leadership with meticulous attention to detail and strong technical expertise.'

  • 'Their collaborative approach creates a seamless experience for clients, who particularly value their commercial mindset—they don't just identify legal issues but provide practical, business-oriented solutions.’

Key clients

  • Access Capital Partner
  • AlbaCore Capital
  • Alcentra
  • Alliance Bernstein
  • AllSpring
  • AltamarCAM Partners
  • Angelo Gordon
  • Apollo
  • Ares
  • Arini Capital Management Limited
  • Barclays Hedge Fund
  • Blackrock

Work highlights

Advising Pantheon Ventures on the largest credit secondaries platform in Europe standing at $10.1 billion with a variety of rated feeders, private wealth platforms and funds and feeders.
Advising on the fundraise for ICG Senior Debt Partners 5, Europe’s largest direct lending fund, raising $17bn.

Lawyers

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Next Generation Partners

Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Catherine Gokah

Practice head

Diala Minott

Other key lawyers

Zach Milloy; Catherine Gokah; Alexander Scordino